Greenfield Savings Bank Foundation Inc
- Assets
- $1.6m
- Revenue
- $376.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Greenfield, MA
- Founding
- 11/2019
- Data as of
- 06/2023
- EIN
- 82-3859874
Organization Overview
Greenfield Savings Bank Foundation Inc is located in Greenfield, MA. The organization was established in 2019. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenfield Savings Bank Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Greenfield Savings Bank Foundation Inc generated $376.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $128.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Greenfield Savings Bank Foundation Inc has awarded 16 individual grants totaling $326,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Howland President/dir. (ended 10/22) | 1 | $0 | |
Thomas J Meshako President/director | 1 | $0 | |
Lori Grover Clerk/director | 1 | $0 | |
David Singer Director | 1 | $0 | |
Kenneth Kahn Director | 1 | $0 | |
Denise Coyne Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $328,253 |
| Interest on Savings | $6 |
| Dividends & Interest | $30,946 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,627 |
| Capital Gain Net Income | $17,627 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $376,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144 |
| Total operating and administrative expenses | $3,753 |
| Contributions, gifts, grants paid | $124,500 |
| Total expenses and disbursements | $128,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,645,339 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Greenfield Savings Bank Foundation Inc has awarded $124,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMHERST SURVIVAL CENTER PURPOSE: EXEMPT PURPOSE | $5,000 |
COMMUNITY LEGAL AID PURPOSE: EXEMPT PURPOSE | $2,500 |
CANCER CONNECTION PURPOSE: EXEMPT PURPOSE | $15,000 |
CRAIG'S DOORS PURPOSE: EXEMPT PURPOSE | $1,000 |
FRANKLIN COUNTY COMMUNITY MEALS PURPOSE: EXEMPT PURPOSE | $5,000 |
FRANKLIN COUNTY YMCA PURPOSE: EXEMPT PURPOSE | $25,000 |